Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course reviews the standards in Part II – Accounting Standards for Private Enterprises (ASPE). It identifies and outlines commonly seen topics, including the accounting policy choices available to management for applying ASPE.
This course reviews commonly used sections of Part II – Accounting Standards for Private Enterprises (ASPE), and discusses other aspects of the standard. In addition, this course identifies and outlines the accounting policy choices available to management for applying ASPE.
The delivery of material takes an authentic, real-life approach in providing examples and exercises that pertain to newer or more common concepts of accounting used by private enterprises. This course covers ASPE standards that have been changed and have implementation dates in the near future. Finally, this course aims to provide participants with a solid introduction and understanding of ASPE.
Topics Include:
- Accounting standards framework and general standards
- Presentation of current assets and liabilities
- Cash flow statement
- Related party disclosure
- Subsequent events
- Contingencies and commitments
- Economic dependence
- Guarantees
- Disposal of long-lived assets and Discontinued operations
- Shareholder equity
- Inventory
- Financial instruments
- Property, Plant and Equipment, Goodwill and Intangible Assets
- Impairment of long-lived assets and goodwill
- Asset Retirement Obligations
- Investments
- Leases
- Income taxes
- Revenue recognition
- Other less frequently used standards
- Sample financial statements
- Note disclosure examples
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 2, 2024, 8:30 a.m. - 12:30 p.m.
- December 3, 2024, 8:30 a.m. - 12:30 p.m.
- December 4, 2024, 8:30 a.m. - 12:30 p.m.
- December 5, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Better understand the ASPE Standards in particular areas that are seen commonly in practice.
- Have awareness of recent updates to the Standards.
- Apply the Standards by gaining knowledge through the course’s examples of accounting treatments and financial statement presentation and disclosure.
Who Will Benefit
Most accounting and tax professionals will acquire substantial gains from this course, especially:
- Practitioners seeking a robust and complete review of ASPE.
- Accounting and tax professionals working with not-for-profit organizations.
- Individuals involved in the not-for-profit sector seeking knowledge of ASPE measurement, recognition, presentation, and disclosure requirements.
Prerequisite(s)
Participants should be familiar with the CPA Handbook – Accounting Part II.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Stephen J. Hussey, CPA, CA received his CA designation in 1982 after graduating from Carleton University. He has been Finance Manager at Ontario Aboriginal Housing Support Services Corporation since 2010. Prior to this Stephen was a Senior Manager with KPMG working in Ottawa, Johannesburg (Accounting and Auditing Standards), Montreal and Sault Ste Marie. He was then a partner is the Sault Ste. Marie office of Grant Thornton. Stephen is also a Professor at Algoma University and an Adjunct Professor at the Lukenda School of Business - Lake Superior State University. At these universities he teaches Advanced Accounting. Stephen has also served on the Board of Directors for a number of not- for-profit organizations.